Renda Sells Oklahoma City Cluster

Update 7/17: As the filings for these sales make their way to the FCC Database, we see that Tyler Media will pay Renda $40 Million for its four stations and receive $1.6 Million from WPA Radio for KTLR and KKNG.

In order to get under the mandated limits for stations owned in a market, Tyler will spinoff “Community Talk” 890 KTLR/94.1 K231BH and Classic Country “97.3 The King” KKNG to WPA Radio LLC. WPA Radio is run by Stanton Nelson, the CEO of Graymark Healthcare, who previously ran Monroe-Stephens Broadcasting with Tyler Media head Ty Tyler.

No price has been released in advance of the FCC filings. Renda recently closed on its sale of its two Tulsa stations to Journal Broadcasting.

Lance Venta is the Owner and Publisher of RadioInsight.com and a consultant for RadioBB Networks specializing in integration of radio and the internet. Lance has two decades of experience tracking the audio industry and its use of digital platforms.